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Bcr Claim Schedule P Form

Bcr Claim Schedule P Form

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Instructions and help about fillable wi form bcr

for this video I want to go over the schedule B for the form 1116 foreign tax credit so schedule B is specifically covering the foreign tax carryover reconciliation so you might find yourself in a place where you need to complete the form 1116 for the foreign tax credit but you might not necessarily have schedule B right so schedule B is going to apply if you have any FTC carryovers so I have a sample schedule B in front of us here and it is part of the larger return so I've got the 1116 for our taxpayer here as well and it is part of his complete form 1040. so we can go through all the schedules and and cover all the different pieces and what needs to be reported in addition to this I do have the 1099 div that the taxpayer received for the 2022 year so we'll have a look at that and then I do have one slide here covering some background on the foreign tax credit and these carryover issues and then the fact pattern that we're going to be working with as well so a

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